Contact Information

Mobile Home Park Details

  • Price: $4,200,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.9%
  • Property ID: 1706590
  • Posted On: Jul 5, 2022
  • Updated On: Oct 28, 2022

Property Description

Awesome 18 Unit Mobile Home Park With Room To Expand! 5 Space Rentals Including 1 Vacant Space Rental, 13 Park Owned Units With Low Rents. 1.7 Acres On City Sewer & Water. Zoned 18 Units Per Acre. Over $350,000 In Upgrades In The Past 18 Months. Remove 2 or 3 Mobiles And Build 12-15 Units Or With Sunny Western Views. Site Previously Approved In 2008 For 30 Residential Homes. Proforma Net Income Is $290,207 And Proforma Cap Rate Of 6.91%. Close To Downtown Snohomish, Shopping, Restaurants, Boeing, New Snohomish-Reginal Airport. Don't Miss Out On This Rare Opportunity To Own A Profitable Park With A Great Potential To Add Apartment Units And Increase Income!

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Park Information

Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income $290,207
Operating Expense $69,493
Net Operating Income $290,207
Expense Ratio 23.9 %
Debt Info

Lot Information

Singlewide Lots: 18

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 13


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